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$525,000

317 9373 Hemlock Drive

Richmond · MLS® R3156701

1 bed · 1 bath · 665 sq ft · 1 parking

Condo · Single Family · built 2008 · 53 days on market

Listed by Wesley Yu, Sutton Group-West Coast Realty

Realtor's description

Welcome to Mandalay by Cressey, a highly sought-after, quality-built concrete building in the heart of Richmond. This bright & large 1 Bed, 1 Bath home offers 665 SF of well-designed living space with a functional open concept layout. The home ft. a gourmet kitchen with shaker-style cabinetry, KitchenAid appliances, & granite counters, perfect for everyday cooking or entertaining. The living & dining area flow seamlessly, opening onto large windows that overlook the serene landscaped courtyard. The in-suite laundry room provides extra storage adding to everyday practicality. Enjoy resort-style amenities, including an indoor pool, hot tub, steam room, fitness centre, and lounge. 1 Parking & 1 Storage.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 665 sq ft
Parking: 1
Year built: 2008
Property tax: $1,951 / yr
Strata fee: $412 / mo ($0.62 / sq ft)
Strata rules: Pets Allowed
Days on market: 53
MLS®: R3156701

Features

Central location
Elevator
Pets Allowed
All

Price check

Typical for the area (+0.2%)

2026 assessment: $574,000 · asking is -8.5%
Price per sq ft: $789 vs $788 median for condos in Richmond for sale (826)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 53 days · no price changes so far

The market here

Listed now: 66 days; median for 858 condos for sale; this one 53 days

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$574,000	$2,031

The listing shows $1,951 a year in property tax.

Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$2,862/mo

Mortgage $2,287 · Tax $163 · Strata $412

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$2,287/ monthly

loan $420,000

25-year amortization

down payment20% · $105,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $266,212
property transfer tax: $8,500; BC general rate
cash to close: $113,500; down + PTT
total paid: $686,212

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,676/mo
After all costs: −$1,355/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,287 · tax $163 · strata $412 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Richmond (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

The building's lot: 13,349 m² (143,687 sq ft). From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary Henry Anderson Elementaryhomes in this catchment
200 m away · 9460 Alberta Rd, Richmond · 604-668-6355
Secondary A.R. MacNeill Secondaryhomes in this catchment
400 m away · 6611 No. 4 Rd, Richmond · 604-668-6212

From the Richmond School District 38's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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